Brighton Jones LLC Has $622,000 Stake in Citizens Financial Group, Inc. $CFG

Brighton Jones LLC grew its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 167.2% during the second quarter, Holdings Channel.com reports. The firm owned 13,892 shares of the bank’s stock after buying an additional 8,692 shares during the period. Brighton Jones LLC’s holdings in Citizens Financial Group were worth $622,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in CFG. AustralianSuper Pty Ltd bought a new stake in shares of Citizens Financial Group in the 1st quarter valued at approximately $108,864,000. Assetmark Inc. grew its stake in shares of Citizens Financial Group by 11,167.0% in the 1st quarter. Assetmark Inc. now owns 1,347,537 shares of the bank’s stock valued at $55,209,000 after buying an additional 1,335,577 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Citizens Financial Group by 19.1% in the 1st quarter. AQR Capital Management LLC now owns 7,366,754 shares of the bank’s stock valued at $294,007,000 after buying an additional 1,180,390 shares in the last quarter. Nordea Investment Management AB boosted its position in Citizens Financial Group by 20.7% during the second quarter. Nordea Investment Management AB now owns 6,399,905 shares of the bank’s stock worth $287,932,000 after purchasing an additional 1,098,684 shares during the period. Finally, Swedbank AB boosted its position in Citizens Financial Group by 291.5% during the second quarter. Swedbank AB now owns 1,352,458 shares of the bank’s stock worth $60,522,000 after purchasing an additional 1,006,999 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Stock Down 1.0%

CFG opened at $51.40 on Wednesday. Citizens Financial Group, Inc. has a 1-year low of $32.60 and a 1-year high of $55.24. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $22.17 billion, a price-to-earnings ratio of 14.40, a P/E/G ratio of 0.55 and a beta of 0.79. The business has a 50 day moving average of $51.77 and a 200-day moving average of $46.00.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Wednesday, October 15th. The bank reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.10 billion. Citizens Financial Group had a return on equity of 7.48% and a net margin of 14.17%.Citizens Financial Group’s revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.79 earnings per share. As a group, sell-side analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Wednesday, October 29th will be paid a $0.46 dividend. The ex-dividend date is Wednesday, October 29th. This is a positive change from Citizens Financial Group’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.6%. Citizens Financial Group’s dividend payout ratio is currently 47.06%.

Analyst Upgrades and Downgrades

CFG has been the subject of a number of recent analyst reports. Bank of America raised Citizens Financial Group from a “neutral” rating to a “buy” rating and upped their target price for the stock from $52.00 to $65.00 in a research report on Thursday, October 9th. Wells Fargo & Company set a $57.00 target price on Citizens Financial Group in a research report on Wednesday, July 2nd. Wall Street Zen raised Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. Keefe, Bruyette & Woods raised Citizens Financial Group from a “market perform” rating to an “outperform” rating and set a $57.00 target price for the company in a research report on Wednesday, July 9th. Finally, UBS Group upped their target price on Citizens Financial Group from $57.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Citizens Financial Group presently has an average rating of “Moderate Buy” and an average target price of $56.57.

Citizens Financial Group Profile

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.